Currencies

Japan's core inflation steady in November, stays above BOJ target

Japan's core consumer prices rose ?3.0% ?in November from a year earlier, data showed on Friday, staying above the central bank's 2% target for the 44th straight month. The outcome...

Finalists for top Fed job want to cut rates, but diverge from there

The four candidates interviewed by President Donald Trump as finalists to replace Federal Reserve Chair Jerome Powell in May share a desire to cut interest rates, but diverge on other aspects of...

Canadian dollar edges higher ahead of retail sales data 

The Canadian dollar strengthened against its U.S. counterpart on Thursday but the move was limited ahead of domestic retail sales data and after Canadian Prime Minister Mark Carney played down the...

US weekly jobless claims fall as seasonal volatility persists

The number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week's surge and suggesting labor market conditions remained stable in December. ...

TEXT-Statement from the ECB following policy meeting

Following is the statement from the European Central Bank following its policy meeting. The Governing Council today decided to keep the three key ECB interest rates unchanged. ...

US consumer prices likely posted largest annual increase in 1-1/2 years in November

U.S. consumer prices likely increased by the most in 1-1/2 years in the year to November, economists predicted, which would underscore the worsening affordability challenges confronting Americans that...

ECB upgrades growth outlook, closing door to more cuts

The European Central Bank kept its policy rates steady on Thursday and revised upwards some of its growth and inflation projections, a move that probably closes the door to further cuts in borrowing...

US Fed terminates Citi notices that demanded bank improve risk controls, sources say

The U.S. Federal Reserve has told Citigroup it has closed formal notices requiring the bank to fix trading risk management weaknesses, according to people with knowledge of the matter, a significant...

Ahead of Trump meeting, Waller says he 'absolutely' would defend Fed independence

Federal Reserve Governor Christopher Waller, on the short list to succeed Fed Chair Jerome Powell next year and scheduled to be interviewed for the job by President Donald Trump on Wednesday, said he...

Trump administration asks Fed to clarify CFPB funding availability

The U.S. Justice Department has called on Federal Reserve Chair Jerome Powell to clarify whether the central bank has stopped losing money, which President Donald Trump's administration has said...

Waller says Fed policy still in restrictive territory, sees room to cut rates

Federal Reserve Governor Christopher Waller said on Wednesday the U.S. central bank still has room to cut interest rates amid rising job market weakness. I still think we're probably,...

Finance chiefs see US prices rising next year, tariffs still a top concern

U.S. corporate finance chiefs continue to cite tariffs as a top concern and on average see prices rising more than 4% next year, according to a survey released on Wednesday that may add to Federal...

Canadian dollar extends recent gains as US labor market cools

The Canadian dollar strengthened to a near three-month high against its U.S. counterpart on Tuesday after mixed U.S. jobs data that could strengthen the case for a divergence in policy between...

More rate cuts could reignite inflation, hurt Fed credibility, Bostic says

Further interest rate cuts could put U.S. monetary policy on an accommodative footing that stimulates economic growth and puts the country at risk of a new jump in inflation and inflation...

U.S. business activity growth hits 6-month low in December

U.S. business activity growth slowed in December to the weakest pace since June, with new orders sliding for both manufacturers and service providers to cap a year of volatility and uncertainty for...

US rate futures lift odds of January cut after unemployment rises in November

U.S. rate futures on Tuesday raised the probability of the Federal Reserve cutting interest rates at the next policy meeting in January after data showed U.S. unemployment rose last month. ...

US job growth snaps back in November; shutdown distorts unemployment rate

U.S. job growth rebounded more than expected in November after government-related spending cuts triggered the biggest drop in nonfarm payrolls in nearly five years in October, suggesting no material...

Canadian dollar steadies near three-month high after inflation data

The Canadian dollar steadied on Monday against its U.S. counterpart as oil prices fell and domestic data showed inflation running at a cooler than expected pace. The loonie was trading...

Delayed US employment, CPI reports are due this week, with many gaps

The U.S. Bureau of Labor Statistics on Tuesday releases its long-awaited combined employment reports for October and November, but a number of key details will be missing after the government shutdown...